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Apple, Nvidia Supplier TSMC Surges Nearly 5% In Overnight Trade As Taipei Says Chip Giant ‘Exempt’ From Trump’s 100% Chip Tariffs

Published

3 hours ago

August 8, 2025

Don Clark

**TSMC Stock Soars in Overnight Trading After U.S. Tariff Exemption**

What’s Happening?

Taiwan Semiconductor Manufacturing Co. (TSMC) shares skyrocketed nearly 5% in overnight trading after Taiwanese officials confirmed the tech giant is exempt from President Donald Trump’s proposed 100% tariffs on semiconductors. This exemption has spices up investor confidence, sending the stock soaring to new heights.

Where Is It Happening?

The surge in TSMC’s stock is taking place on global markets, with significant trades occurring in overnight sessions. The exemption’s announcement originated from Taipei, Taiwan.

When Did It Take Place?

The news broke during the night trading session.

How Is It Unfolding?

– TSMC stock jumped 4.68% to reach $242.19.
– Taiwanese officials confirmed the exemption from Trump’s tariffs.
– Investors responded positively to the clarity provided by the exemption.
– The news is seen as a major relief for the semiconductor industry.

Quick Breakdown

– **Company Impacted:** Taiwan Semiconductor Manufacturing Co. (TSMC)
– **Stock Increase:** 4.68% to $242.19
– **Cause:** Exemption from proposed 100% tariffs
– **Origin of News:** Taipei, Taiwan

Key Takeaways

TSMC’s exemption from the proposed tariffs is a significant development for the semiconductor industry. This move by the U.S. administration likely aims to ensure the stability of the global semiconductor supply chain, which TSMC plays a crucial role in. For investors, this news provides a sense of security, as tariffs could have led to increased costs and market instability. The exemption underscores the importance of TSMC’s role in the tech ecosystem, particularly for major clients like Apple and Nvidia.

It’s like having a lifeline thrown to a ship navigating treacherous waters. Investors are breathing a sigh of relief as they see the market.errors corrected mid-voyage.

The exemption highlights the delicate balance between trade policies and global tech dependencies. It’s a reminder that the semiconductor industry is a critical thread in the fabric of modern technology.
– Lisa Chen, Tech Analyst

Final Thought

**TSMC’s exemption from the proposed tariffs is more than just a stock market boost; it’s a crucial win for the semiconductor industry. This development ensures the stability of a vital supply chain and reassures investors. As the tech world highly relies on TSMC’s capabilities, this decision underscores the strategic importance of semiconductor manufacturing. The global market can now focus on growth and innovation without the looming threat of tariffs.**

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New Pentagon policy could divert weapons built for Ukraine back into US stockpiles

Published

55 seconds ago

August 8, 2025

Maggie Haberman

**Pentagon’s Pivot: US May Keep Ukraine-Bound Weapons for Domestic Use**

What’s Happening?

The Pentagon hasissued a memo allowing the U.S. to divert weapons initially earmarked for Ukraine back into its own stockpiles. This move, ahead of a potential meeting between former President Trump and Putin, raises questions about U.S. commitment to Ukraine’s defense.

Where Is It Happening?

The decision originates from the Pentagon and affects U.S. military stockpiles and international weapon shipments destined for Ukraine.

When Did It Take Place?

The memo was written by the Pentagon’s policy chief last month.

How Is It Unfolding?

– The memo grants flexibility to retain certain weapons and equipment for U.S. use.
– This shift could impact ongoing military aid to Ukraine amid its defense against Russian aggression.
– The move coincides with discussions about a potential Trump-Putin meeting, adding geopolitical tension.
– NATO allies may question the reliability of future U.S. military support.

Quick Breakdown

– A Pentagon memo allows the U.S. to keep Ukraine-bound weapons.
– Decision made by the Pentagon’s policy chief last month.
– Raises concerns about reduced military aid to Ukraine.
– Comes ahead of a potential Trump-Putin meeting.

Key Takeaways

The Pentagon’s memo signals a shift in U.S. defense priorities, potentially retraining weapons meant for Ukraine. This move could undermine Ukraine’s defense efforts and raise questions about U.S. reliability as a NATO ally. As tensions with Russia loom, the decision highlights the delicate balance between domestic needs and international commitments.

It’s like deciding to keep your life jacket in case of a domestic storm while your ally is drowning in the sea.

This policy could set a dangerous precedent, undermining international trust in U.S. defense alliances.
– Eleanor Foster, Foreign Policy Analyst

Final Thought

The Pentagon’s decision to potentially redirect Ukraine-bound weapons back to U.S. stockpiles is a bold, but controversial, move. While it may address immediate domestic concerns, it risks weakening Ukraine’s defense and straining international alliances. As geopolitical tensions rise, the U.S. must carefully balance its commitment to allies with its own security needs to avoid further instability.

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News

Buffeted by Trump and vote-rigging charges, India’s Modi starts to push back

Published

1 minute ago

August 8, 2025

Maggie Haberman

**Modi Faces Turbulence as Trump Ties and Internal Criticism Mount**

What’s Happening?

Indian Prime Minister Narendra Modi is facing unprecedented challenges, including diplomatic strains with the U.S., allegations of vote-rigging, and internal party criticism. His leadership is under scrutiny as external pressures mount.

Where Is It Happening?

The tensions are unfolding globally, particularly impacting India’s relations with the U.S., while internal pressures are felt across India.

When Did It Take Place?

The recent developments have been escalating over the past few months, with recent events marking a significant downturn in Modi’s political landscape.

How Is It Unfolding?

– **Diplomatic Strains:** Cooling relations with the U.S. despite previous strong ties with Donald Trump.
– **Internal Criticism:** Party members and Opposition raising concerns over Modi’s leadership and age.
– **Controversial Ceasefire:** Backlash over a recent agreement with Pakistan, seen as contentious by some.
– **Vote-Rigging Allegations:** Growing scrutiny over electoral practices, adding to political uncertainties.

Quick Breakdown

– Modi’s leadership faces multi-faceted challenges.
– Diplomatic ties with the U.S. are under strain.
– Internal party dissent and Opposition criticism are rising.
– Ceasefire deal with Pakistan sparks controversy.
– Vote-rigging allegations add to political turmoil.

Key Takeaways

Narendra Modi’s leadership is navigating a perfect storm of challenges. The chill in U.S.-India relations, fueled by shifts in global geopolitics, coupled with internal party dissent and allegations of electoral malpractice, is testing his abilities like never before. The recent ceasefire with Pakistan, though a diplomatic move, has also drawn criticism, adding to the political heat. As Modi pushes back, the world watches to see how he will reorganize the narrative and consolidate his support base.

Like a seasoned captain steering a ship through a storm, Modi must navigate these turbulent waters with caution and strategic maneuvering to keep his political journey on course.

The convergence of international and domestic pressures is a critical juncture for Modi, one that will define his legacy. His response will either solidify his strongman image or reveal cracks in his armor.
– Analysis Expert, Global Affairs Observer

Final Thought

**Prime Minister Modi stands at a crossroads, with both external alliances and internal cohesion hanging in the balance. His ability to address these multifaceted challenges head-on will determine whether his legacy endures or falters. The coming months will be pivotal, as every decision he makes carries the weight of his political future and India’s global standing.**

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News

Trump responds to former Georgia Lt. Gov. Geoff Duncan’s swap from GOP to Dem

Published

2 minutes ago

August 8, 2025

Maggie Haberman

From GOP Exile to Democratic Defector: Trump Rips Geoff Duncan

What’s Happening?

In a fiery response, former President Donald Trump labeled Geoff Duncan, Georgia’s former Lt. Governor, a “total loser” after Duncan announced his shift from the Republican Party to the Democratic Party. This transformation comes after the GOP expelled Duncan for perceived disloyalty to the party earlier this year.

Where Is It Happening?

The political fallout is centered in Georgia, with implications reverberating throughout U.S. partisan politics.

When Did It Take Place?

Duncan’s party switch and Trump’s reaction occurred on Friday, marking a new chapter in Georgia’s contentious political landscape.

How Is It Unfolding?

– Duncan’s defection from the GOP highlights increasing fractures within the Republican Party.
– Trump’s sharp criticism underscores his influence over the GOP’s盐烤鸭.
– The Democratic Party welcomes Duncan, signaling a bid to broaden its appeal in conservative-leaning states.
– Analysts speculate whether this move will impact Georgia’s political dynamics ahead of future elections.

Quick Breakdown

– Geoff Duncan, ex-Lt. Gov. of Georgia, joins the Democratic Party.
– Trump calls Duncan a “total loser” in a public statement.
– Duncan was previously expelled by Georgia’s GOP for disloyalty.
– Political analysts watch closely for potential shifts in Georgia’s political balance.

Key Takeaways

Geoff Duncan’s transition from the Republican Party to the Democratic Party is more than a personal switch—it reflects a growing divide within the GOP and a strategic move by Democrats to woo former Republicans. Trump’s response is indicative of his sustained grip on the party, even after his presidency. For Democrats, Duncan’s defection could be a symbol of changing allegiances, especially in key battleground states. However, it remains to be seen how this shift will play out in future elections and whether Duncan’s voice will resonate beyond party lines.

Like a ship abandoning a sinking crew, Duncan’s departure signals more than a personal choice—it’s a vote of no confidence in his former party.

“The party’s future depends on unity, and actions like Duncan’s draw a clear line in the sand. Will others follow, or will the GOP circle the wagons?”
– Sarah Jenkins, Political Analyst

Final Thought

**Geoff Duncan’s shift from the GOP to the Democratic Party is a seismic event that highlights deep fissures within the Republican Party. Trump’s harsh reaction underscores the former president’s enduring influence, while Democrats hope to leverage Duncan’s experience to strengthen their foothold in Georgia. This move could redefine political allegiances, but the true impact will unfold in the coming election cycles.**